Comprehensive Annual Financial Report Fiscal Year Ended June 30, 2003 Basic FINANCIAL STATEMENTS - Notes To Financial Statements - Note 16 - Changes in General Long-Term Debt

State of Connecticut

Note 16 Changes in General Long-Term Debt

The following is a summary of changes in long-term debt for the year ended June 30, 2003, (amounts in thousands):

Balance 
July 1, 2002
Additions Reductions Balance
June 30, 2003
Amounts due
within one year
Governmental Activities
Bonds:
General Obligation $ 8,527,436 $ 1,698,671 $ 1,009,753 $ 9,216,354 $ 673,199
Transportation 3,174,903 637,837 606,925 3,205,815 236,830
11,702,339 2,336,508 1,616,678 12,422,169 910,029
Plus/(Less) premiums and
deferred amounts 55,202 56,088 6,171 105,119 -
Total Bonds 11,757,541 2,392,596 1,622,849 12,527,288 910,029
Economic Recovery Notes - 219,235 - 219,235 43,720
Other Liabilities:
Net Pension Obligation 3,117,349 750,649 611,401 3,256,597 -
Compensated Absences 341,039 21,824 14,930 347,933 12,466
Workers' Compensation 245,183 95,707 75,245 265,645 67,633
Capital Leases 76,896 1,078 9,986 67,988 12,360
Claims and Judgments 7,725 3,280 3,393 7,612 4,831
Contracts Payable - 7,186 - 7,186 -
Total Other Liabilities 3,788,192 879,724 714,955 3,952,961 97,290
Governmental Activities Long-Term Liabilities $ 15,545,733 $ 3,491,555 $2,337,804 $ 16,699,484 $ 1,051,039
In prior years, the General and Transportation funds have been used to liquidate other liabilities.
Business-Type Activities
Revenue Bonds $ 1,504,799 $ 142,949 $ 92,587 $ 1,555,161 $ 77,014
Plus/(Less) premiums, discounts and deferred amounts 6,075 166 524 5,717 -
Total Revenue Bonds 1,510,874 143,115 93,111 1,560,878 77,014
Lottery Prizes 473,883 7,914 46,612 435,185 51,165
Compensated Absences 80,773 13,562 6,879 87,456 23,720
Other 52,118 2,863 4,004 50,977 18,179
Total Other Liabilities 606,774 24,339 57,495 573,618 93,064
Business-Type Long-Term Liabilities $ 2,117,648 $ 167,454 $ 150,606 $ 2,134,496 $ 170,078